Quickgun_murugan Posted August 1, 2017 Report Posted August 1, 2017 5 minutes ago, Sidhu...Sidhaarth Roy said: ARM lo prathi sare prathi year maruthundi ga bro rate ? daani badulu fixed aa better emo ? 5 / 7 / 10 untaay man... so anni years varaku same .. aa tarvata maruthadi Quote
Quickgun_murugan Posted August 1, 2017 Report Posted August 1, 2017 6 minutes ago, Sidhu...Sidhaarth Roy said: inka kone ledu appude ammatama permanent ga adey intlo undey plan lekapothey ani meaning bruh Quote
Kalam_Youtheman Posted August 1, 2017 Report Posted August 1, 2017 5 minutes ago, Bestguy said: nneu koni 4 year ayyindhi house..Ippatiki 2 times chesa refinance.. Idhi latest 15 year with intrest rate 2.62 %.. starting rate entha ichaaru bro.. score entha unde ? which bank any tips ? Quote
Fior Posted August 1, 2017 Report Posted August 1, 2017 2 minutes ago, Quickgun_murugan said: Adjustable rate mortgage man... so 7 yrs varaku takkuva rate ki illu osthadi... ee lopu rate perigi ammesthey benefit aythadi.... long term undalantey 7 yrs tarvata rate peruguthadi or market ni batti taggochu kuda (refinance cheyyali) but daaniki some % downpayment compulsory Thx bro which better 7/10 if no sell house Quote
Quickgun_murugan Posted August 1, 2017 Report Posted August 1, 2017 1 minute ago, Fior said: Thx bro which better 7/10 if no sell house if no sell house then go for 15 or 30 year fixed.. or go with 7 yr ARM... (but after 7 yrs rates full perigithe you will not be benefitted).. 15 aithe monthly payement ekkuvuntadi but rate takkuvosthadi... 30 aithe rate konchem ekkuvuntadi.. but it will be fixed.. future lo full perigithe neeku safe.. taggithe you can refinance. not a big deal Quote
Sidhu...Sidhaarth Roy Posted August 1, 2017 Author Report Posted August 1, 2017 4 minutes ago, Quickgun_murugan said: Adjustable rate mortgage man... so 7 yrs varaku takkuva rate ki illu osthadi... ee lopu rate perigi ammesthey benefit aythadi.... long term undalantey 7 yrs tarvata rate peruguthadi or market ni batti taggochu kuda (refinance cheyyali) but daaniki some % downpayment compulsory Common Adjustable Rate Mortgages ARM Type Months Fixed 10/1 ARM Fixed for 120 months, adjusts annually for the remaining term of the loan. 7/1 ARM Fixed for 84 months, adjusts annually for the remaining term of the loan. 5/1 ARM Fixed for 60 months, adjusts annually for the remaining term of the loan. 3/1 ARM Fixed for 36 months, adjusts annually for the remaining term of the loan. @Quickgun_murugan bro mari nuvvu 5/5/10 ki fixed untundi antunnav ga but veedemo "Fixed for 120,84,60,36 months, adjusts annually for the remaining term of the loan." antunnadu. endidi ardhamkavatla. pls brief it. Thnaks Quote
Quickgun_murugan Posted August 1, 2017 Report Posted August 1, 2017 3 minutes ago, Sidhu...Sidhaarth Roy said: Common Adjustable Rate Mortgages ARM Type Months Fixed 10/1 ARM Fixed for 120 months, adjusts annually for the remaining term of the loan. 7/1 ARM Fixed for 84 months, adjusts annually for the remaining term of the loan. 5/1 ARM Fixed for 60 months, adjusts annually for the remaining term of the loan. 3/1 ARM Fixed for 36 months, adjusts annually for the remaining term of the loan. @Quickgun_murugan bro mari nuvvu 5/5/10 ki fixed untundi antunnav ga but veedemo "Fixed for 120,84,60,36 months, adjusts annually for the remaining term of the loan." antunnadu. endidi ardhamkavatla. pls brief it. Thnaks its simple bro... 3/5/7/10 varaku nee rate fixed untadi.. aa tarvata nee loan enthundo antha varaku every year change avuthadi... it is 15 or 30 year Mortgage but with adjustments made after 3/5/7/10 years annattu... @Sidhu...Sidhaarth Roy 3/5/7/10 deos not mean that you gonna pay your property in full within 3/5/7/10 years.. its only rate adjustment time frame.. kani manchi downpayment expect chestaru lenders.. to give you ARM loan... Quote
Quickgun_murugan Posted August 1, 2017 Report Posted August 1, 2017 1 minute ago, Quickgun_murugan said: its simple bro... 3/5/7/10 varaku nee rate fixed untadi.. aa tarvata nee loan enthundo antha varaku every year change avuthadi... it is 15 or 30 year Mortgage but with adjustments made after 3/5/7/10 years annattu... @Sidhu...Sidhaarth Roy 3/5/7/10 deos not mean that you gonna pay your property in full within 3/5/7/10 years.. its only rate adjustment time frame.. kani manchi downpayment expect chestaru lenders.. to give you ARM loan... Quote
Kalam_Youtheman Posted August 1, 2017 Report Posted August 1, 2017 13 minutes ago, Fior said: Thx bro which better 7/10 if no sell house 14 minutes ago, Quickgun_murugan said: permanent ga adey intlo undey plan lekapothey ani meaning bruh 15 minutes ago, Quickgun_murugan said: 5 / 7 / 10 untaay man... so anni years varaku same .. aa tarvata maruthadi suppose neee illu 400k anuko and nuvvu monthly 2500 katdthuu 7 ARM theesukoni including principal /interest. taxes and all... so 7 yrs lo u wil pay 12*7=84 months.. 84x2500=210k kattesi untaav with interest... so inka 400000-210000 = 190k untundhii... aaaa 190k ni nuvvu malli refinance chesukovachuu according to market..ex neeeku appudu 30 yrs rate 4.5 undhii anuko...190*4.5 kadthaaavuu inka low rate or malli 7 ARM theesukoni continue seyyochuu... illu rate perigindhi ante full profit... @Quickgun_murugan comment pls Quote
Quickgun_murugan Posted August 1, 2017 Report Posted August 1, 2017 3 minutes ago, Kalam_Youtheman said: suppose neee illu 400k anuko and nuvvu monthly 2500 katdthuu 7 ARM theesukoni including principal /interest. taxes and all... so 7 yrs lo u wil pay 12*7=84 months.. 84x2500=210k kattesi untaav with interest... so inka 400000-210000 = 190k untundhii... aaaa 190k ni nuvvu malli refinance chesukovachuu according to market..ex neeeku appudu 30 yrs rate 4.5 undhii anuko...190*4.5 kadthaaavuu inka low rate or malli 7 ARM theesukoni continue seyyochuu... illu rate perigindhi ante full profit... @Quickgun_murugan comment pls @Kalam_Youtheman you are correct bro.... within 10 yrs ammesey uddesham untey ARM will help you lower your monthly payments. long term undedi untey every time ARM teeskuntoo kuda nettukuravochu... (but downpayments cheyyali) Quote
Kalam_Youtheman Posted August 1, 2017 Report Posted August 1, 2017 3 minutes ago, Quickgun_murugan said: @Kalam_Youtheman you are correct bro.... within 10 yrs ammesey uddesham untey ARM will help you lower your monthly payments. long term undedi untey every time ARM teeskuntoo kuda nettukuravochu... (but downpayments cheyyali) min downpayment enthaa undhochu ? Quote
Sidhu...Sidhaarth Roy Posted August 1, 2017 Author Report Posted August 1, 2017 Denemma okkakkadu okkokkati rasthunnadu ga ARM Loan gurinchi Quote
Quickgun_murugan Posted August 1, 2017 Report Posted August 1, 2017 Just now, Kalam_Youtheman said: min downpayment enthaa undhochu ? compulsory around 15 to 20 % antaru... negotiate chestey 10 % varaku ostharu... Quote
Quickgun_murugan Posted August 1, 2017 Report Posted August 1, 2017 Just now, Sidhu...Sidhaarth Roy said: Denemma okkakkadu okkokkati rasthunnadu ga ARM Loan gurinchi illu ammese uddeshyam lekapothe 15 or 30 year fixed is best bro Quote
Sidhu...Sidhaarth Roy Posted August 1, 2017 Author Report Posted August 1, 2017 Just now, Quickgun_murugan said: illu ammese uddeshyam lekapothe 15 or 30 year fixed is best bro But naa plan enti ante I'll pay it off in next 10 - 15 yrs. so I want as much as low monthly payments. Quote
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